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Old 01-19-2011, 10:48 AM
  #63  
mayday
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Join Date: Dec 2009
Location: England
Posts: 2,365
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Originally Posted by jodimarie
I've been in business for myself for almost 40 years but not quilting related...darn it!!....and it is very important you have at LEAST a YEARS worth of expensives in the bank before you even think of turning a profit. It might happen in a month but trust me, to get a bank loan for a start up business, you will need to show the bank you understand how hard it will be and you have the resourses to stay out of default. My guess would be you need about $100.000.00 to find a building, insurence, utilities, advertising, remodeling, finding and hiring workers and then stock with bolt after bolt of fabric. Yes, you will need tax numbers and a very good business accouant to do the books....there is so much more than ''just opening the doors for business''........

jodi in leavenworth
What a very very sensible lady, this is where SO many fall by the wayside.
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